| Under the NZ ETS there are obligations for repayment of units for non-compliance. One example that Carbon Forest Services recently dealt with was a new client whose previous consultant had over claimed NZUs by 30% for the first Mandatory Emissions Period. |  |
We voluntarily disclosed the error to MPI, and helped the client through compliance with MPI waiving any additional penalties. However, MPI initially states that NZUs must be repaid for the over issuance.
After Carbon Forest Services challenged MPI they accepted that eligible RMUs, CERs and ERUs were also permissible under the legislation. This reduced the cost for the client from $3.40/unit to $0.20/unit.
After Carbon Forest Services challenged MPI they accepted that eligible RMUs, CERs and ERUs were also permissible under the legislation. This reduced the cost for the client from $3.40/unit to $0.20/unit.
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